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  • Report:  #223573

Complaint Review: Nationwide Capital Funding - Newton Massachusetts

Reported By:
- H, Georgia,
Submitted:
Updated:

Nationwide Capital Funding
75 Wells Avenue Newton, 02459 Massachusetts, U.S.A.
Phone:
866-646-4695
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
On November 21, 2006, after several phone conversations with Jessica Dawson, I sent the collateral money as instructed and was promised I would receive the loan in my checking account within 8-12 hours or by November 22, 2006. I received a call the evening of the 22nd and Ms. Dawson was telling me that the private lender did not put the correct amount that i was suppose to send as collateral, and that I needed to send additional funds.

After I declined, she told me that she had to file some papers to cancel the process and that i would receive my refund via fedex the next day and that she would call me back with the tracking number. The day after thanks giving i still had not heard from her, so i called and left several messages for her. Today is the 3rd of December and i still have not received a call back or my refund.

Lamonte

H, Georgia
U.S.A.


1 Updates & Rebuttals

Dave

New Westminster,
British Columbia,
Canada
advance fee loan

#2Consumer Suggestion

Mon, December 04, 2006

Good for you for not sending more money. Google "advance fee loan". The first hit is usually a page on the FTC website telling you not to expect to ever see the loan, or a refund. Quote: "Don't pay for the promise of a loan. It's illegal for companies doing business by phone in the U.S. to promise you a loan and ask you to pay for it before they deliver. Requiring advance fees for loans also is illegal in Canada."

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